TOUAX

Touax reported first-half 2026 restated revenue from activities of €72.9 million, down 13% from €83.7 million a year earlier, and a Group share net loss of €4.2 million versus a €2.5 million profit in June 2025. Operating EBITDA fell 34% to €20.1 million and operating income dropped 70% to €4.4 million, while the financial result improved 8% to a negative €10.5 million. The decline spanned the group's divisions, with Freight Railcars revenue down 12% to €24.6 million, Containers down 14% to €34.5 million, and Miscellaneous and eliminations down 29% to €5.1 million, partly offset by River Barges revenue up 7% to €8.7 million. The company highlighted strategic milestones during the half, including Trinity Industries taking a 32% stake in Touax Rail India with an equity injection of more than €30 million, the renewal of Container asset-backed financing facilities for a committed $115 million over four years, and the refinancing of 2027 corporate debt through a €39 million Green Bond and a €44 million Green Loan, both with five-year maturities. Total equity Group share rose €0.8 million to €70.6 million, the consolidated cash position exceeded €66 million, and the Loan-to-Value ratio improved to 60.4% from 64.0% at the end of December 2025. Touax said Touax Rail India plans to use the Trinity capital to expand its fleet by 6,500 new railcars over the next three to five years.